Blackboard, Inc. (BBBB) Research Opinion
Last Updated: August 4, 2008 – 6:00pm EST

NEW YORK—Ludlow Capital Group, Inc. initiates research coverage on Blackboard, Inc. (NASD:APOL), a global leader in enterprise technology and innovative education solutions, with a B rating.

Summary

Thomas J. Caulfield, PhD, education analyst for Ludlow Capital Group commented, "With a recessionary economy hovering over the American public, a large portion of the unemployed or under employed are heading to school to seek the qualifications necessary to escape the current, harsh economic conditions and regain an upwardly mobile status.  Both two-year and four-year colleges are reporting enrollment increases, and within this demographic, on-line student enrollment is reaching a new peak, especially at the community college level.  There are many reasons for this trend; however, one fact remains consistent. Blackboard, Inc., which also consists of highly reputable WebCT, will thrive as the primary on-line course management system provider; however, other providers, such as Desire 2 Learn, Moodle and Angel, have respectable chances at gaining a significant niche in this market."

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